Experts forecast a market recovery for Bitcoin following a substantial decrease in open interest, considering it a natural market correction.
Bitcoin Open Interest Decline
At the start of March, Bitcoin's open interest experienced a significant decline from $61.42 billion to $49.71 billion as the market underwent a phase of deleveraging, which analysts see as a natural correction.
External Factors and Price Movements
The decline was triggered by volatile price swings caused by political instability, including U.S. President Donald Trump’s tariff decisions. As a result, Bitcoin's price fell below key levels, reaching below $80,000.
Market Position and Prospects
The market remains under pressure, especially in anticipation of the U.S. Federal Open Market Committee's decision. Although the market largely expects rates to remain steady, any unexpected changes could impact Bitcoin's future trajectory.
The current situation indicates short-term volatility, but experts see good opportunities for future recovery.
